المستودع الأكاديمي جامعة المدينة

Trading hot-air : the influence of permit allocation rules, market power and the US withdrawal from the Kyoto Protocol

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dc.creator Klepper, Gernot
dc.creator Peterson, Sonja
dc.date 2005
dc.date.accessioned 2013-10-16T06:02:35Z
dc.date.available 2013-10-16T06:02:35Z
dc.date.issued 2013-10-16
dc.identifier Environmental & resource economics 0924-6460 32 2005 2 205-227
dc.identifier http://hdl.handle.net/10419/3718
dc.identifier ppn:50135851X
dc.identifier ppn:50135851X
dc.identifier RePEc:zbw:ifwkie:3718
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/3718
dc.description After the conferences in Bonn and Marrakech it is likely that international emissions trading will be realized in the near future. Major influences on the permit market are the institutional detail, the participation structure and the treatment of hot-air. Different scenarios do not only differ in their implications for the demand and supply of permits and thus the permit price, but also in their allocative effects. In this paper we discuss likely institutional designs for permit allocation in the hot-air economies and the use of market power and quantify the resulting effects by using the computable general equilibrium model DART. It turns out that the amount of hot-air supplied will be small if hot-air economies cooperate in their decisions. Under welfare maximization more hot-air is supplied than in the case were governments try to maximize revenues from permit sales.
dc.language eng
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject Q48
dc.subject F18
dc.subject D58
dc.subject C68
dc.subject ddc:330
dc.subject CGE Model , DART , Emission Trading , Hot-Air , Kyoto Protocol , Market Power , Permit Allocation
dc.subject Emissionsrechte
dc.subject Klimaschutz
dc.subject Umweltabkommen
dc.subject Allgemeines Gleichgewicht
dc.subject Wirtschaftspolitische Wirkungsanalyse
dc.title Trading hot-air : the influence of permit allocation rules, market power and the US withdrawal from the Kyoto Protocol
dc.type doc-type:article


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